PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421682
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421682
The global neurological biomarkers market size is expected to reach USD 24.83 billion by 2032, according to a new study by Polaris Market Research. The report "Neurological Biomarkers Market Share, Size, Trends, Industry Analysis Report, By Type (Metabolomic, Genomic, Imaging, Proteomic, Others); By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Neurological biomarkers serve as indicators for measuring and assessing symptoms or determining a pharmacological response to a specific treatment. They find extensive application in the diagnosis of various conditions, including autism, Parkinson's disease, and depression. These biomarkers fall into several categories, including metabolomics, imaging, genomics, and proteomics.
Advancements in neurological biomarkers, encompassing signature biomarkers, are enhancing the effectiveness of treating neurological diseases, expediting drug development, enabling early diagnosis, and facilitating noninvasive testing. Furthermore, digital biomarkers are supplying valuable supplementary information to pharmaceutical companies, aiding in clinical trial decision-making and, consequently, propelling the growth of the neurological biomarkers market.
In the realm of personalized medicine, neurological biomarker research for neurodegenerative diseases represents a rapidly advancing field, with numerous molecules being associated and evaluated in the context of various neurodegenerative disorders. This evolution in precision medicine is significantly influencing the biopharmaceutical industry, leading to substantial transformations across various players, from biopharma to diagnostics companies, with roles ranging from commercial operations to research and development.
Even with this, the market's growth may be hindered by protracted biomarker development cycles and substantial startup costs. On a positive note, the presence of organizations offering funding at various research stages presents ample opportunities for market expansion. Notably, the National Institutes of Health (NIH) is allocating additional funds to support research related to health disparities in Alzheimer's and brain aging, further stimulating market growth.
Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Neurological Biomarkers devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Neurological Biomarkers throughout the forecast period.
Polaris Market Research has segmented the Neurological Biomarkers market report based on type, application, end-use, and region: